Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Dotto]

Traps, traps everywhere

[1714124526]

1714124526

[1714124526]

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[1714124526]

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[JayJuanGee]

What a complete jerk Mike Hearn is:

http://www.reddit.com/r/Bitcoin/comments/2blmc0/circle_has_still_not_responded_to_peter_todd/

Maybe some of the internal turmoil within the bitcoin foundation contributes to some downward price pressures on bitcoin?

There are real concerns regarding whether aspects of the core development team are too receptive to governmental regulations (and questions about allow back door access to govt and that is why the USA is NOT hostile to BTC). 

There are also real concerns that the wealth of the bitcoin foundation ($5million in assets), which really is NOT very much, is insufficiently contributing to bitcoin developments.

[JayJuanGee]

Your post is internally contradictory.  In my thinking, it does NOT make sense to say that Ecuador is lock step with the USA, and that they gave asylum to Assange. 

Sorry if it sounded that way.  I meant other LA countries except Ecuador are just "let's wait and see what the US does".

O.k.  Thanks for that clarification.  I may have misread or misunderstood your post.

NONETHELESS, I remain of the sense that we cannot be throwing out blanket statements to suggest that Ecuador is "ahead" of the rest.

In the coming years, there is probably going to be a lot of conflicting approaches regarding the role, if any, for crypto-currencies.

[oda.krell]

I am a hero now. Bow before me, lesser mortals!



*cough* Sorry for that.

As you were...

[Tzupy]

I am a hero now. Bow before me, lesser mortals!



*cough* Sorry for that.

As you were...

LOL. Congratulations, but remember that for some uber-bulls you are a perma-bear.
Sorry, couldn't abstain from raining on your parade! 

Now seriously, would you post a bearish scenario in your analysis thread?

[600watt]

10 k dumped on stamp in 24 hrs, price goes down 20something $.

could be worse, actually

[oda.krell]

Now seriously, would you post a bearish scenario in your analysis thread?

Hehe, I'm on vacation currently. Just b(e)arely checking in to get a view of the price

[ChartBuddy]

Explanation

[wachtwoord]

I am a hero now. Bow before me, lesser mortals!



*cough* Sorry for that.

As you were...

It says hero, not deity

[Wary]

I am a hero now. Bow before me, lesser mortals!
*cough* Sorry for that.
As you were...

[windjc]

Wow team, you all must really be depressed to refuse to write anything in the midst of a 2000 coin Chinese pump (which doesn't even get us close to where we were, yesterday, but still). Cheer up!!

Unfortunately looks like the bounce may already be failing. Seems we may go back to retest the low from last night/this morning. I'd like to be bullish, as I am all in, but that drop yesterday caught me off guard.

See the coindesk news. Explained greatly. You can see a part of that in the above post of mine.

Kindly,
      MZ

Actually why did you not quote this part?:

The Coinfloor and BTC.SX bosses hope that organic bitcoin growth and adoption will bring prices to a natural tipping point. But, Magnotti of GABI offers the most audacious theory of all:

    “I don’t want to blow my own trumpet on this one, but I think GABI ending its subscription period and going live on the market will be a serious catalyst.”

Magnotti says he’s been flooded with requests to subscribe to his fund, even from traditionally conservative institutional investors – although he wouldn’t be drawn on giving specifics, citing client confidentiality.

For market watchers who want to test Magnotti’s theory, he’s planning to start trading at the start of September, so mark your calendar.

[ChartBuddy]

Explanation

[dreamspark]

Traps, traps everywhere

Just hodl, if you feel compelled to sell its probably too late

[dreamspark]

10 k dumped on stamp in 24 hrs, price goes down 20something $.

could be worse, actually

I agree with this, support hasnt particuarly thinned out and the market hasnt gone in to full on retarded dump mode.

The weekend could be a different story but for now all is holding up nicely.

[mmitech]

What if it breaks?   
What are the generally accepted long term channels at the moment?

It is generally accepted that you should never sell your bitcoins for anything less than a price, which is multiple times of the ATH of the prior boom.

- If Bitcoin is in its growth channel, and you panic sell in the bottom, it will cost you most of your bitcoins when you panic buy at 5-20x higher after realizing you were wrong. (If you panic buy threshold is lower, you end up always buying high and selling low, and diluting your holdings.)

- If it it destroyed, you have no way knowing it and being able to salvage the high point of your value. Salvaging a low point, is meaningless when the same outcome in fiat terms can be achieved by selling a few %-points more in the previous boom.

this community lives in dreams just because of people full of shit like you, of course you sold most of your Bitcoins to buy a "castle" and fill your account but you tell others to don't, what a dick head.

[roslinpl]

a conspiracy theory :



When we turn last automated chart 180 degrees clockwise we will see what is trying to keep price down ...

you can see that demonic number occurs and perhaps this is why we have a drop

We must wait till "Perfection" will find a way to force demons away and price will go easily up till $777.

[ChartBuddy]

Explanation

[roslinpl]

Yes! Demons are going away! we can clearly see that!

And btw. look which page is this .. 777x ...

a perfection is coming!!

$777 we are ready ! hehe.

[deadley]

What if it breaks?    
What are the generally accepted long term channels at the moment?

It is generally accepted that you should never sell your bitcoins for anything less than a price, which is multiple times of the ATH of the prior boom.

- If Bitcoin is in its growth channel, and you panic sell in the bottom, it will cost you most of your bitcoins when you panic buy at 5-20x higher after realizing you were wrong. (If you panic buy threshold is lower, you end up always buying high and selling low, and diluting your holdings.)

- If it it destroyed, you have no way knowing it and being able to salvage the high point of your value. Salvaging a low point, is meaningless when the same outcome in fiat terms can be achieved by selling a few %-points more in the previous boom.

this community lives in dreams just because of people full of shit like you, of course you sold most of your Bitcoins to buy a "castle" and fill your account but you tell others to don't, what a dick head.

How time is changing. A couple of months ago you was the roaring uber-bull and fonzietila the bear.

It's nothing surprising, people change bullish to bearish and vice versa.
But Market is not going anywhere atleast for 1-2 weeks too.

[mmitech]

What if it breaks?    
What are the generally accepted long term channels at the moment?

It is generally accepted that you should never sell your bitcoins for anything less than a price, which is multiple times of the ATH of the prior boom.

- If Bitcoin is in its growth channel, and you panic sell in the bottom, it will cost you most of your bitcoins when you panic buy at 5-20x higher after realizing you were wrong. (If you panic buy threshold is lower, you end up always buying high and selling low, and diluting your holdings.)

- If it it destroyed, you have no way knowing it and being able to salvage the high point of your value. Salvaging a low point, is meaningless when the same outcome in fiat terms can be achieved by selling a few %-points more in the previous boom.

this community lives in dreams just because of people full of shit like you, of course you sold most of your Bitcoins to buy a "castle" and fill your account but you tell others to don't, what a dick head.

How time is changing. A couple of months ago you was the roaring uber-bull and fonzietila the bear.

I never cheered for people to hold Bitcoins forever, I am here for profit, I stated this many times, I give zero fucks if Bitcoin or another coin will succeed as long as I have a peace of it.